Bloomberg | Cnooc swings to profit on higher oil, gas revenue MarketWatch Cnooc Ltd. (0883.HK) swung to a net profit of 16.25 billion yuan (US$2.44 billion) in the first half from a net loss of CNY7.74 billion a year ago, partly on higher revenue from sales of oil and gas. The major Chinese offshore oil producer said ... China's Biggest Oil Producer Is Giving Investors a Full Profit Payout Higher oil price helps PetroChina and CNOOC beat forecasts China's CNOOC H1 profit better-than-expected on cost-cutting, oil prices |